1. Harley-Davidson exits India

Harley-Davidson would discontinue its sales and manufacturing operations in India after a decade of unsuccessful efforts to gain a foothold.

The move involves $75 million in restructuring costs, some 70 redundancies and the closure of its Bawal plant in Haryana.

The departure is also the latest setback for Prime Minister Narendra Modi’s strategy to encourage domestic manufacturing.

2. Antyodaya Diwas

Prime Minister Narendra Modi addressed India on the occasion of Pandit Deendayal Upadhyaya birth anniversary on September 25.

In 2014, Pandit Deen Dayal Upadhyaya’s Birth Anniversary – 25 Sept was declared the Antyodaya Diwas.

On this day, the Rural Development Ministry revamped its existing skill development program called Aajeevika Skills as Deen Dayal Upadhyaya Grameen Kaushalya Yojana.

3. Nuclear scientist Sekhar Basu dies of COVID-19

Sekhar Basu, veteran atomic scientist and former chairman of Atomic Energy Commission, succumbed to COVID-19.

The late scientist, who was a mechanical engineer, is revered for his contributions to the country’s atomic energy programme.

He was awarded Padma Shri in 2014.

Sekhar Basu had also pioneered the highly complex reactor for India’s first nuclear-powered submarine INS Arihant.

4. Punjab to set up Vigilance Commission

The Punjab Cabinet approved setting up of a Vigilance Commission to check corruption among public servants and bring in more transparency.

The Punjab State Vigilance Commission
Ordinance, 2020 proposes to set up a commission as an independent body to exercise more effective superintendence,

The commission will comprise a chairman and two members with a term of five years.

5. Hydrogen-powered commercial aircraft: Airbus

Airbus has announced its aim to put the world’s first hydrogen-powered commercial aircraft into service by 2035.

Airbus’ hydrogen technology will be demonstrated in three concept aircrafts called Zero: a turboprop (up to 100 passengers), a turbo fan (100 to 200 passengers) and a blended wing body (up to 200 passengers).

Hydrogen is chosen as it produces zero emissions.

6. World Pharmacist Day: 25 September

World Pharmacist Day is observed every year on 25 September.

It aims at creating awareness about the role of a pharmacist in improving health.

The day was established by the International Pharmaceutical Federation (FIP) in Istanbul, Turkey in 2009.

The theme for the year 2020 is “Transforming global health”.

The Pharmacists form the 3rd largest specialist healthcare group in the world.

7. MeitY and NITI Aayog to organize a summit

The Ministry of Electronics and Information Technology (Meity) and NITI Aayog will organize a Mega Virtual Summit on Artificial Intelligence (AI), RAISE 2020-‘Responsible Al for Social Empowerment 2020.

It will be held from October 5-9, 2020.

RAISE 2020 will be a global meeting of minds to exchange ideas and chart a course for using Al for social transformation.

8. Jail employees to wear body cameras

President Ram Nath Kovind has sanctioned a pilot project under which jail employees will wear body cameras in four states–Rajasthan, Telangana, Punjab and Uttar Pradesh (UP).

An amount of Rs 80 lakhs has been sanctioned for UP’s jails under this scheme.

These cameras will be helpful in detecting violent criminal acts, drug addiction, suicide and prison security-related problems.

9. Insolvency and Bankruptcy Code suspended

The Central govt has suspended the operation of the Insolvency and Bankruptcy Code, 2016 (IBC) by another three months.

This has been done in order to protect companies in distress due to the COVID pandemic.

The suspension of section 7, 9 and 10 of the IBC Code initially for six months has been further extended for another three months starting from 25th September 2020.

10. RBI suggests five-pillared approach

The Reserve Bank has come out with a five-pillared strategic approach ‘GUARD

It will deal with cybersecurity threats being faced by Urban Cooperative Banks (UCBs).

The RBI said in its document ‘Technology Vision for Cyber Security for Urban Cooperative Banks 2020-2023’ that the number, frequency and impact of cyber incidents and attacks have increased manifold in the recent past.

11. WBTC introduces unique tram library in Kolkata

In Kolkata, a unique tram library is being introduced by the WBTC West Bengal Transport corporation.

This Tram Library is a special tram with books, magazines, which can be read while travelling on the tram.

This specially designed tram library will have books and magazines, including those on competitive examinations such as the civil services, WBCS, GRE in order to attract readers.

12. India’s NSE, Singapore’s SGX finalise a tie-up

India’s National Stock Exchange (NSE) and
Singapore Exchange Ltd have finalised a derivatives tie-up.

They have ended arbitration proceedings relating to a 2018 dispute on SGX’s launch of an index derivative.

The tie-up aims to bring trading of the SGX’s Nifty futures contract, based on the NSE’s blue-chip Nifty 50 index, to GIFT City, an international financial centre in western India.

13. Prithvi-Ii missile test fired from ITR

India on September 23, 2020, conducted a successful night testfire of its indigenously developed nuclear-capable surface-to-surface Prithvi-Ii missile as part of a user trial by the Army from a base in Odisha.

The state-of-the-art missile was test fired from the Integrated Test Range (ITR) at Chandipur.

The missile has a strike range of 350 km.

14. Post-earthquake assistance to Nepal

India has released 1.54 billion Nepali rupees (approximately INR 96 crores) to Nepal towards housing and school sector assistance.

This is under the Indian government’s post-earthquake reconstruction commitment in the Himalayan country.

Similarly, the Government of India has committed support for the reconstruction of 70 schools and one library under USD 50 million grant assistance.

15. Airtel picks up a stake in startup Waybeo

Bharti Airtel has picked up a 10% stake in Waybeo Technology Solutions with a focus on deep Al analytics for cloud telephony.

The deal, which is a part of the Airtel Startup Accelerator Programme, would enable Waybeo to earn larger distribution reach.

The tie-up with Airtel would help the telecom company use the startup’s telephone-based Al services.

Leave a Reply

Your email address will not be published.